Swanson Foundation is located in Detroit, MI. The organization was established in 1968. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Swanson Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Swanson Foundation generated $5.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (24.2%) each year. All expenses for the organization totaled $2.6k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (38.6%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO IMPROVE COMMUNITY SPIRITUAL AND EDUCATIONAL GUIDANCE THROUGH ASSISTING WITH TUITION AND DONATIONS TO AREA CHARITIES
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $5,000 |
Interest on Savings | $0 |
Dividends & Interest | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $5,000 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Pension plans, employee benefits | $0 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Total operating and administrative expenses | $0 |
Contributions, gifts, grants paid | $2,600 |
Total expenses and disbursements | $2,600 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,809 |
Investments—mortgage loans | $0 |
Investments—other | $0 |
Other assets | $0 |
Mortgages and other notes payable | $0 |
Other liabilities | $0 |
Over the last fiscal year, Swanson Foundation has awarded $2,600 in support to 4 organizations.
Grant Recipient | Amount |
---|---|
UNITY TEMPLE CHURCH PURPOSE: DONATION | $300 |
CITY SINGERS ASSOCIATION OF DETROIT PURPOSE: DONATION | $300 |
PALMER WOODS POST PURPOSE: DONATION | $500 |
GREAT LAKES PERFORMING ASRTIST STUDIOS PURPOSE: DONATION | $1,500 |